Mirae Asset Large Cap Fund Direct-Growth
Benchmark: NIFTY 100 TRI · Inception: 01/01/2013 · NAV: ₹119.86 (01/10/2026)
AUM: ₹38166 Cr · Expense Ratio: 0.77% · Riskometer: Very High
The fund underperforms on risk-adjusted metrics with an Alpha of -0.12 vs Category Alpha of 1.22 and a Sharpe of 0.19 vs Category Sharpe of 0.23. It also shows higher volatility than its peers, with a Beta of 0.97 vs Category Beta of 0.786 and Std Dev of 14.56 vs Category Std Dev of 11.96.
The fund has a 10-year return of 12.04% and maintains a high equity exposure of 99.33%. It achieved a long-term return since launch of 14.41%.
The Alpha of -0.12 is lower than the Category Alpha of 1.22, and the Sharpe ratio of 0.19 is lower than the Category Sharpe of 0.23. Additionally, the Sortino ratio of 0.24 is lower than the implied risk-adjusted performance expected in the category.
The fund has a Beta of 0.97 which is higher than the Category Beta of 0.786, and its Std Dev of 14.56 is higher than the Category Std Dev of 11.96. This indicates the fund experiences higher volatility and more sensitivity to market movements compared to its category average.
The fund underperforms most key risk-adjusted metrics compared to its category average and exhibits higher volatility than the typical peer. It is not currently outperforming its peers on a risk-adjusted basis.
Mirae Asset Large Cap Fund carries an overall rating of 3.2/5 (Selective Buy), showing moderate standing within the Large Cap category. Its alpha of -0.12 underperformss the category average of 1.22, suggesting room for improvement in active management. The Sharpe ratio of 0.19 sits below the category mean of 0.23, while volatility (std dev 14.56%) is higher than peers (11.96%), indicating relatively higher volatility. With a 5-year CAGR of 6.69% and expense ratio of 0.77%, investors should weigh cost-adjusted returns carefully.
| Period | CAGR |
|---|---|
| 1Y | -5.84% |
| 3Y | 7.34% |
| 5Y | 6.69% |
| 10Y | 12.04% |
| Since Launch | 14.41% |
- ✅ Low expense ratio 0.77% — cost-efficient
- ⚠️ Alpha -0.12 below category avg 1.22
- ⚠️ Higher volatility 14.56% vs peers 11.96%
- ⚠️ Negative 1Y return (-5.84%) — recent underperformance